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Whitepunk [10]
2 years ago
9

Seller Patsy wants to net $150,000 from the sale of her home. She tells Broker Al that he can list the property for whatever pri

ce he wants and anything he gets above the $150,000 he can keep as his commission. What is this agreement called?
Business
1 answer:
AlexFokin [52]2 years ago
6 0

Answer:

Net listing.

Explanation:

In this scenario, Seller Patsy wants to net $150,000 from the sale of her home. She tells Broker Al that he can list the property for whatever price he wants and anything he gets above the $150,000 he can keep as his commission. This agreement is called net listing.

Net listing can be defined as an arrangement between a broker and a property owner, in which the owner of a property sets a minimum selling price at which the property would be sold while the any other amount above the minimum amount would be kept by the broker as commission.

<em>Under a net listing, since the minimum selling price chosen by the owner of the property, Patsy is $150,000, assuming Broker Al sold the property for $200,000; he would pay Patsy the sum of $150,000 and keep the additional profit of $50,000 as his commission. </em>

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Answer:

O $ 900,000

Explanation:

When a fee is received in advance for a service yet to be rendered, the revenue for such fee is said to be unearned. The entries required are

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As the service is performed and the revenue is earned, debit Unearned fees and credit revenue.

Given that

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The amount to be deferred is the sum of the amounts collected after September 30 (from October to December year 2

= 3/12 * $3,600,000

= $900,000

4 0
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The operations of Winston Corporation are divided into the Blink Division and the Blur Division. Projections for the next year a
morpeh [17]

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klasskru [66]

Answer:

The correct answer is:

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Explanation:

Normally, employees of a company are so used to their culture and work environment that for them the implementation of new strategies work is a great impact process. Although the workers accept the change in a voluntary basis, for new organizations it  is necessary to apply a plan in order to help employees to meet and get familiar with the new environment and way of working. It is this process of change and progress that is known as deculturation, or implementation and change of different ideas and plans for the working place.

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